CELEBI GROUND HANDLING 2023 ANNUAL REPORT

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ AND ITS SUBSIDIARIES (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) 129 Çelebi Ground Handling Inc. 2023 Annual Report The table below demonstrates the Group’s liquidity risk arising from financial liabilities: 31 December 2023 Contractual Book value Total cash outflows Less than 3 months 3-12 months 1-5 years More than 5 years Non-derivative financial liabilities Loans 3.189.165.302 3.652.370.073 1.280.145.347 583.266.639 1.555.078.075 233.880.012 Liabilities from leasing obligations 3.012.379.136 4.291.066.955 110.105.599 330.316.796 1.464.706.621 2.385.937.939 Trade payables - Related party 60.009.793 60.009.793 60.009.793 - - - - Other 920.092.158 920.092.152 318.793.703 601.298.449 - - Other liabilities 232.721.559 232.721.559 22.312.585 155.808.873 54.600.101 - 31 December 2022 Contractual Book value Total cash outflows Less than 3 months 3-12 months 1-5 years More than 5 years Non-derivative financial liabilities Loans 1.190.614.704 1.278.856.927 306.070.981 464.261.582 502.244.362 6.280.002 Liabilities from leasing obligations 1.818.776.387 2.128.341.685 53.869.423 161.608.268 737.653.065 1.175.210.929 Trade payables - Related party 3.291.944 3.291.944 3.291.944 - - - - Other 442.994.548 442.994.548 152.982.822 290.011.726 - - Other liabilities 82.586.308 82.586.308 17.595.667 10.824.488 54.166.153 - Foreign currency risk The Group is exposed to foreign exchange rate risk through operations done using multiple currencies. The main principle in the management of this foreign currency risk is maintaining foreign exchange position in a way to be affected least by the fluctuations in foreign exchange rates. For this reason, the proportion of the positions of these currencies to total equity amount is aimed to be controlled under certain limits. Derivative financial instruments are also used, when necessary. In this context, the Group’s primary method is utilizing forward foreign currency transactions. The Group is exposed to foreign exchange rate risk mainly for EUR, and USD. As of 31 December 2023, while other variables being constant, if the TL was to appreciate/depreciate by 10% against the USD, the net profit/loss arising from foreign exchange gains/losses resulting over net foreign currency position in this currency would increase/decrease by TL 27.013.993 (31 December 2022: TL 21.325.183). As of 31 December 2023, while other variables being constant, if the TL was to appreciate/depreciate by 10% against the EUR, the net profit/loss arising from foreign exchange gains/losses resulting over net foreign currency position in this currency would increase/decrease by TL 13.373.176 (31 December 2022: TL 4.170.738). As of 31 December 2023, while other variables being constant, if the TL was to appreciate/depreciate by 10% against the GBP, the net profit/loss arising from foreign exchange gains/losses resulting over net foreign currency position in this currency would increase/decrease by TL 151.133 (31 December 2022: TL 160.309). As of 31 December 2023, while other variables being constant, if the TL was to appreciate/depreciate by 10%, the net profit/ loss arising from foreign exchange gains/losses resulting over net foreign currency position in this currency would increase/ decrease by TL 33.433.107 (31 December 2022: TL 22.152.406).